Broadcom Limited (NASDAQ:AVGO) [Trend Analysis] retains strong position in active trade, as shares scoring 0.68% to $170.09 in a active trade session, while looking at the shares volume, around 1.96 Million shares have changed hands in this session. Finally, analysts shed their light over the AVGO price targets; maintaining price high target of 220.00 while at average the price target was 202.64 in contrast with the current price of 170.09. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.
So does the rankings given by analysts; let us highlight rankings table and we had 27″ Analysts recommending BUY ratings for current month and for previous month 27 stands on similar situation; while 2 for the current month as compared to 1 analyst recommending for HOLD from the pool for previous month. While 6 stands at overweight and 0 analysts gave Underweight and 0 out of pool consider it as Sell for current month. For the overall, consensus ratings were for Buy.
The firm has institutional ownership of 93.00%, while insider ownership included 0.10%. AVGO attains analyst recommendation of 1.70 with week’s performance of -2.36%. Investors looking further ahead will note that the Price to next year’s EPS is 19.09%.